Emerald Advisers LLC Invests $306,000 in SentinelOne, Inc. (NYSE:S)

Emerald Advisers LLC acquired a new stake in shares of SentinelOne, Inc. (NYSE:S) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,768 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors have also recently added to or reduced their stakes in S. Smartleaf Asset Management LLC raised its stake in shares of SentinelOne by 86.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the company’s stock valued at $27,000 after purchasing an additional 556 shares in the last quarter. Avion Wealth acquired a new position in SentinelOne during the 4th quarter valued at about $28,000. Crewe Advisors LLC bought a new stake in shares of SentinelOne during the 4th quarter worth about $33,000. Arlington Trust Co LLC acquired a new stake in shares of SentinelOne in the 4th quarter worth approximately $33,000. Finally, Modus Advisors LLC acquired a new stake in shares of SentinelOne in the 4th quarter worth approximately $48,000. 90.87% of the stock is currently owned by institutional investors.

Insider Transactions at SentinelOne

In other SentinelOne news, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the sale, the chief executive officer now directly owns 959,682 shares in the company, valued at $21,612,038.64. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ric Smith sold 14,583 shares of SentinelOne stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $23.29, for a total value of $339,638.07. Following the completion of the transaction, the insider now owns 531,459 shares in the company, valued at $12,377,680.11. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 367,096 shares of company stock worth $7,853,262. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on S. Needham & Company LLC dropped their target price on SentinelOne from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. UBS Group dropped their price objective on SentinelOne from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Barclays cut their price objective on SentinelOne from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Canaccord Genuity Group reduced their price objective on shares of SentinelOne from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein reduced their price objective on SentinelOne from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SentinelOne presently has an average rating of “Moderate Buy” and an average target price of $26.33.

SentinelOne Trading Down 0.5 %

Shares of NYSE:S opened at $19.27 on Monday. SentinelOne, Inc. has a 1 year low of $14.33 and a 1 year high of $29.29. The firm has a fifty day moving average price of $21.94 and a 200 day moving average price of $23.82. The stock has a market capitalization of $6.19 billion, a PE ratio of -20.50 and a beta of 0.78.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.